Sunday, November 26, 2006

As you probably noticed most of the latest "trade ideas" are on the long side breakout play. It has its advantage in overextended market rally (is it overextended? For how long will it stay in the "rally mode"? ) - and the advantage for trading breakouts IMHO is that you can setup "trade triggers" ( TDAmeritrade which has been my broker since DATEK times gives you that opportunity ) and if "activation price" is reached limit order will be activated.But for some reason I have uneasy feeling about post Thanksgiving market mood and I'm going to slightly modify "trade triggers" tactics for the next 2 days - I will totally suspend ALL ORDERS for the first 2 hours until I get a better feel of market direction.

Plus, as post's title implies - I'm on the road now, have not had a chance to look at the latest charts, and to tell you the truth - I did not have any desire to do so, since light Holiday trading confuses my view on the "science part" on the left of the chart and leaves me totally blank on the "art part" ( right side of the chart, of course ).As a matter of fact I closed few long positions on Friday ( with mediocre volume it was quite a torture ) and 2 day trades I did on Friday (ENCY) and (SNDA) left me totally exhausted.DavidDTP.S.Treo 700P ( and 650 before ) is a life saver, I don't have to carry laptop all the time and be tied up to my "trading office". Sprint services improved greatly and EV-DO speed is amazing. I never disconnected from email and my broker. "Total freedom and confidence" and as an added bonus - if for some reason my cable moded is down - I use Treo as modem, speed is as good as DSL.

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Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.

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Not anyone else.
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If you still don't get it - here it is in plain English by Special Keirsten

For newbies and lurkers out there: You will read many, many various trading observations,opinions and calls on this blog, from bullish to bearish- that’s why we’re different here. You will often see us challenge each other- and often. It is YOUR responsibility to understand and/or ask questions if you’re confused or want help/further opinion… we can’t read your mind. This is a place of learning and sharing, but the trading is YOUR responsibility alone, not ours. Rule #1- never take a trade that is not based on your own T/A and choice. Lead yourself, do not follow. I can’t emphasize that enough. Read the disclaimer at the bottom of this blog site completely, if you haven’t already. I have seen plenty of “gurus” with loads of happy followers take their trades blindly with both good AND bad results - don’t let yourself be one of those people

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Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.

Translation: You are responsible for your own investment decisions.Not anyone else.YOU.

Position disclaimer: Authors might OR might not have position/interest in securities mentioned on this site!